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Articles tagged with: Merger

Twitter Ramps Up Security; Merges With Brainloop

In some social news, Twitter is teaming up with Brainloop, to better safeguard peoples information on the social platform and helping ensure that confidential documents, stay confidential.

What the German company, Brainloop offers, is a way to help companies keep their docs safe from hackers, and more importantly- from top secret information getting leaked all over the web.

Watch Out! Google+ Circles Is Getting Even Better!

Google+ circles is an adorable feature for privacy concerned folks allowing others only to see what they want them to. Now the latest buzz is that this feature is getting even better.

Fridge is a web-suite which provided the facility of creating separate groups for friends, sharing stuff and planning events much alike other social networking sites. But the new thing is, Google is procuring Fridge.

Intels Buys Fulcrum Microsystems To Boost Networking

Intel is acquiring Fulcrum Microsystems (a networking chip company) for an unknown amount of money. The buyout is expected to be the result of Intel’s efforts to boost current network offerings.

Fulcrum was founded in 1999 and they currently design Ethernet switches that are used in data centers. Fulcrum’s 10GB Ethernet and 40GB Ethernet switch products are expected to work well with Intel processors and Ethernet controller offerings.

Adobe Acquires Digital Signage, Echosign

Adobe has just purchased EchoSign, a startup that provides electronic signature technology. Adobe hopes to integrate the new technology in its current document exchange services.

The goal of digital signage is for enterprises to easily swap documents with one another for easy approval. Contracts can be easily sent to one another and signed with ease.

Twitter Acquires Social Startup, Backtype

Twitter announced today that it has acquired a San Francisco startup called Backtype. The company helps publishers measure the impact of their social media use, and although the deal is quite interesting, financial details were not mentioned.

Twitter states that the acquisition would help them create tools for their publishing partners. Fortunately for BackType, they will not have to relocate further than an in-city move, as both companies are based in San Francisco.

Nokia-Siemens Fail To Secure Investors

Nokia Corp and Siemens AG failed to secure a deal for investors for a controlling stake in their unprofitable joint venture. The companies, which could not be immediately reached for comment, are now weighing investing more money in the venture, which is called Nokia Siemens Networks (NSN).

Talks to sell a controlling stake in the venture, which is the world’s No. 2 maker of wireless-networking gear, to a consortium that includes private-equity firms Gores Group LLC and Platinum Equity LLC are not expected to succeed.

Sprint: AT&T Can Boost Network 6-Fold Without T-Mobile

In what seems like a last ditch effort from Sprint, the wireless carrier offered a solution to AT&T’s weak coverage through an FCC filing. Sprint claims that AT&T could increase its network capacity by 600% by year 2015 simply by making better use of the network resources it has.

Sprint allocates a 250% improvement from AT&T’s unused spectrum for 4G, while introducing a mixed-size network with both large and small cells could boost the network by an additional 300%.

Senators Throwing Punches At AT&T

Sprint isn’t the only one who opposes the AT&T merge with T-Mobile. A few U.S. senators have also spoken up against the deal. Although AT&T spins the deal as one that will help customers nationwide with coverage, a few senators question the spin off. Senator Al Franken from Minnesota stated that the acquisition would allow AT&T to raise prices and cut thousands of jobs. Senator Herb Kohl from Wisconsin also claimed that the merger would give AT&T a 43% share of the U.S. mobile market. AT&T and Verizon would share about 80% of the market if the deal went through, he said.

Gree Acquires OpenFeint For $104M- Brings User Base To 100M

OpenFeint is the largest mobile social gaming network in the United States and carries 75 million users (both Android and iOS). The service, although very popular, will be managed under new hands. Japanese social gaming leader Gree, has acquired OpenFeint, bringing its total user count to 100 million users.

Gree invested $104 million in this purchase, not including the money it plans to spend on improving OpenFeint. Gree hopes to improve OpenFeint’s “ecosystem” by going global. Fans of OpenFeint will be pleased to hear that the OpenFeint team will remain intact as Gree will be hiring the current employees, including the CEO and founder, Jason Citron.

Bankrupt Blockbuster For Sale

The popular movie rental chain, Blockbuster is now bankrupt and a part of an ongoing auction that opened Monday morning. Today, a winning bid of $284 million bid from Dish Network’s Charles Ergen was placed. The next highest bidder is a hedge-fund manager, Carl Icahn at 280.9 million.

The other groups with qualified bids are Monarch Alternative Capital, South Korea’s SK Telecom, and a joint bid by liquidators Gordon Brothers Group and Hilco Merchant Resources. If Carl Icahn or the Gordon Brothers/Hilco Merchant group were to win,